19 June 2025: 16:30 BST
Brent flat price saw its highest European close since January at $78.80/bbl. But shortly after the close, Brent collapsed to near $76.50/bbl! ICE shut early for a mini break, but CME and Flux kept ticking too! What a TACO speech can do to oil prices. Trump will decide “within two weeks” whether to join Israel or not… Clearly, he doesn’t have a plan, and the threat of direct intervention by the US is rapidly evaporating.
In ‘The Officials’, Onyx Capital Advisory publishes outright values, spreads, cracks and boxes for the main energy commodities traded in the marketplace. The published values are determined independently and on a fair market basis by our team of dedicated professionals.
We invite you to read our reports, which will initially be published twice a day, reflecting closing values at 16:30 Singapore time (SGT) and at 16:30 London time (GMT/BST). For any comments, please reach out to us through the emails provided in the signed documents.
